Maskot | Digitalvision | Getty Images Workers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index in January fell to its lowest level since 2016, when the career site began tracking the metric, it said Monday. The index measures how workers feel about their employer’s … Read more
Senator Elizabeth Warren, a Democrat from Massachusetts, left, speaks with Jerome Powell, chairman of the U.S. Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 28, 2021. Kevin Dietsch | Bloomberg | Getty Images Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing … Read more
The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week, after recent reports showed the economy grew at a much more rapid pace than expected and inflation eased. “In many ways, we already have a soft landing,” said Columbia Business School economics professor Brett House. … Read more
Members of the United Auto Workers, or UAW, Local 230 and their supporters walk the picket line in front of the Chrysler Corporate Parts Division in Ontario, California, on Sept. 26, 2023. Patrick T. Fallon | AFP | Getty Images The American labor movement flourished in 2023. High-profile strikes by writers and actors against Hollywood … Read more
Guests ride a rollercoaster at Six Flags Magic Mountain theme park in Valencia, California, US, on Saturday, Nov. 4, 2023. Eric Thayer | Bloomberg | Getty Images The theme park business, like many others, is consolidating and changing along with consumer habits. In the wake of Covid-19, and as consumers more carefully choose where they’re … Read more
Federal Trade Commission building Jeff Greenberg | Universal Images Group | Getty Images WASHINGTON — The Federal Trade Commission on Friday announced that it fined Kubota, one of the world’s largest tractor manufacturing companies, $2 million for mislabeling some of its replacement parts as “Made in the USA.” “Today’s settlement includes the largest civil penalty … Read more
Sentiment about the U.S. economy is currently in an upswing: 28% of Americans would say the economy is either excellent or good, according to recent data from Pew Research Center. In April 2022, only 19% expressed the same positivity. Still, this is far below what perceptions of the economy were pre-pandemic. In January 2020, 57% … Read more
WASHINGTON — Treasury Secretary Janet Yellen praised the positive economic growth numbers on Thursday as a benefit for the middle class. “Though some forecasters thought a recession last year was inevitable, President [Joe] Biden and I did not,” Yellen said in a visit to the Economic Club of Chicago. “Instead of contracting, the economy has … Read more
A “For Sale” sign stands outside a home following a snow fall in Geneseo, Illinois, U.S., on Monday, Jan. 20, 2020. The National Association Of Realtors is scheduled to release Existing Homes Sales figures on January 22. Photographer: Bloomberg | Bloomberg | Getty Images Severe winter weather is hindering home sales across the country, according … Read more
Consumers shop in Rosemead, California, on Dec. 12, 2023. Frederic J. Brown | Afp | Getty Images Economic growth likely slowed to its weakest pace in a year and a half to end 2023, possibly setting the stage for a more pronounced slowdown ahead, according to Wall Street economists. The consensus outlook for the fourth … Read more
